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Ethics

We follow firm ethical principles in all our management activities.Recognizing mutual trust between executives, employees, and stakeholders as the indispensable source of the company’s competitiveness, Samsung Electro-Mechanics has been striving to establish and strengthen an organizational culture that is free from corruption and bribery. All Samsung Electro-Mechanics employees and executives nationwide are regularly given anticorruption education and training. In addition to identifying and improving vulnerabilities in various processes, we also provide ethical management education and campaigns for our business partners.

Principles

Samsung Electro-Mechanics aims to be a 'world leading company', devoting our human resources and technology to create superior products and services, thereby contributing to a better global society.

To achieve this goal, we share and pursue Samsung Values of "People, Excellence, Change, Integrity, Co-prosperity", and the 7 Factors of a World Leading Company of "Dream, Vision & Goal, Creativity & Challenge, Insight & Good Sense, Technology & Information, Trust & Credibility, Speed & Velocity, Change & Innovation" to be instilled in all employees and within the organization. Furthermore, all Samsung Electro-Mechanics employees should follow this "Global Code of Conduct" as well as the Samsung Business Principles in order to comply with laws and ethical practices as well as to express our concrete commitment to social responsibility.
This "Global Code of Conduct" will be the guiding standard for everyone in Samsung Electro-Mechanics, outlining standards of conduct in all business activities.

Principle 1. We comply with laws and ethical standards

1-1. We respect dignity and diversity of individuals

  • The Company will respect the human rights of all employees and will not discriminate against on the basis of race, color, creed, national origin, gender, age, citizenship, religion, regional background, physical disability, marital status, or any other characteristics protected by law.
  • The Company will not employ underage persons, as commonly defined by international standards and relevant national laws.
  • The Company will determine conditions of employment and compensation for personnel in a fair and non-discriminatory manner, taking into consideration relevant international standards and national, local or state laws, with the laws of host jurisdiction prevailing.
  • The Company will ensure that working hours of personnel will be in accordance with the specific nature of their duties and comply with national, state and local laws.
  • The Company will ensure that management will not (i)engage in abusive behavior, (ii)encourage or condone conduct that violates the Company's Code of Conduct, policies or procedures; or (iii)impost non-work-related duties upon employees.

1-2. We compete in accordance with laws and business ethics

  • The Company will compete freely and fairly at all its business sites around the world, abiding by relevant international standards and national, state and local laws, with the laws of the host jurisdiction prevailing.
  • The Company will not abuse a dominant market position nor use coercion to cause inclusion of unwanted items in any sales transactions (tying).
  • The Company will not enter with competitors into price fixing, bid collusion, market collusion or reduced production agreements, and will not discuss with competitors prices, bids, customers, sales territories and conditions including price confirmation.
  • The Company will not permit the acceptance of money, goods, entertainment and/or share offers of stock from customers or external interested parties, nor allow any improper activities that violate laws and fair trade principles.
  • The Company shall not illegally obtain or use competitor's trade secrets or confidential information.
  • The Company shall not demand, or use coercion to obtain any advantage detrimental to the interest of customer or partner companies.

1-3. We maintain transparency of accounts with accurate recording of transactions

  • The Company will accurately record and manage all transactions in compliance with international standards and national accounting regulations, and will be subject to accounting audits by outside parties at regular intervals.
  • The Company will make every effort to refrain from entering into a business relationship with customers of uncertain identity, and will not participate nor cooperate with illegal, false, or irregular transactions.

1-4. We do not get involved in politics and maintain neutrality

  • Employees shall not attribute their personal political opinions and conduct to the Company, or cause such opinions or conduct to be attributed to the Company.
  • The Company's resources, including financial resources, manpower, and facilities shall not be used to further political goals.
  • The Company will refrain from illegal donations and improper dealings with governments, and will respect related national, state and local laws of the hist jurisdiction.

1-5. We protect information on individuals and business partners

  • The Company and its employees will abide by the national, state and local laws relating to protection of the privacy of its employees' personal and confidential information.
  • The Company will obtain, through normal business processes, information relating to individuals, corporate customers, or business partners and will use such information for business purpose only. The Company will ensure that the means for obtaining such information and its use comply with national, state and local laws. The Company will not disclose such information to third parties.

Principle 2. We maintain a clean organizational culture

2-1. We make a strict distinction between public and private affairs in our duties

  • The Company will not permit any illicit activity for the pursuit of personal gain, such as irregular treatment of expenses, using one's position for private gain, or the embezzlement of corporate assets.
  • The Company will not permit any activity that utilizes proprietary information of the Company for private gain, for example insider trading, irrespective of whether or not this activity was conducted by an employee directly or indirectly via third parties.
  • All business decisions must be made and all business activities must be conducted, in the best interests of the Company. Employees should avoid any action which may involve, or may appear to involve, a conflict of interest with the Company. No employees may have any financial or other business relationships with supplies, customers or competitors that might impair, or even appear to impair, the independence of any judgment they may need to make in the best of interest of the Company.

2-2. We protect and respect intellectual properties of the Company and others

  • The Company will ensure that its employees will not disclose the intellectual property of individuals, corporate customers and business partners to third parties without the owner's prior consent.
  • The Company will ensure that any proprietary information acquired through its business activities shall be recorded and safely kept and managed as intellectual property.
  • The Company will respect the intellectual property rights of third parties, such as patents, copyrights and trademarks, and shall not intentionally infringe or improperly use such intellectual property.
  • The Company will ensure that due attention is paid to the security of its intellectual property during the course of telephone or other communication with external parties, and in the management of various data storage facilities.

2-3. We create a sound organizational atmosphere

  • The Company has zero tolerance for any type of behavior that may offend or cause unpleasantness to other employees. Such behavior includes, but is not limited to sexual harassment, as well as all other forms of harassment, physical assault, or any personal request or conduct that conflicts with national, state or local law, or the Company's policies and procedures.
  • The Company will endeavor to maintain and develop a mutually cooperative relationship between management and employees, based on law, business ethics and mutual respect.

2-4. We maintain the dignity of Samsung Electro-Mechanics' in our external activites

  • During the term of employment at the Company, an employee is not permitted to simultaneously maintain employment with a third party or otherwise be engaged in outside business activities when such employment or activities prevent the employee from fully performing work, including overtime assignments, for which he or she is emploted, unless otherwise agreed by prior consent.
  • The Company requires that employees obtain the Company's prior approval before disclosing the Company's confidential proprietary information to third parties.
  • The Company will not allow its officers and employees, while in office, to act as members of boards of companies with conflicts of interest or participate in competitive business activities.

Principle 3. We respect customers, shareholders and employees

3-1. We put priority on customer satisfaction in management activities

  • The Company will endeavor to reflect and give priority to the requirements and recommendations of customers for the improvement of product design, distribution, and service.
  • The Company will make every effort to engage with its customers in a polite and equitable manner based on its belief that “Samsung Electro-Mechanics exists because of its customers.”
  • The Company will respect the customer's right to choose by refraining from exaggerated advertisements or coercive sales techniques, which could mislead customers with regard to the quality, function and specifications of product or service.
  • The Company will endeavor to reach just resolutions of customer-related disputes and will respond to the complaints of customers in a transparent, timely and effective manner.

3-2. We pursue management focused on shareholder value

  • The Company will actively pursue increases in investment return for shareholders by maximizing profits through transparent and sound management.
  • The Company will honor its responsibility to shareholders and interested parties by announcing major financial and corporate information in good faith and in a timely fashion.
  • The Company, in accordance with applicable law, will accept and sincerely consider legitimate petitions from external shareholders.

3-3. We endeavor to improve our employees' quality of life

  • The Company will offer equal opportunities to all employees and treat them justly based on their ability and achievement.
  • The Company will support continuous learning and employee development.
  • The Company will provide a working environment in which personal initiative and creativity are encouraged.

Principle 4. We care for the environment, health, and safety

4-1. We pursue environment friendly management

  • The Company will make every effort to comply with international environmental standards, national, state and local laws and regulations relating to the environment and internal environmental regulations within all of its global business operations.
  • The Company will actively attempt to minimize the generation of harmful materials, utilize resources efficiently and recycle waste products for the benefit of the environment.
  • The Company will do its best to conduct environmental improvement activities throughout the whole process of product development, production, distribution, sales and disposal.

4-2. We value the health and safety of human beings

  • The Company will comply with international standards, related laws and regulations, and internal regulations governing the safety and health of its employees by providing safety education and training at regular intervals.
  • The Company will consider to the health and safety of customers in all business activities including product development, production, distribution, and sales.
  • The Company will clearly inform customers regarding the safe usage and operation of its products or services.
  • The Company will endeavor to deal promptly with the discovery of any fault in a product, which could pose a threat to the safety of customers.
  • The Company will make every effort to identify and eliminate any safety hazard found at any of its business sites, and will maintain a clean and safe environment.

Principle 5. We are a socially responsible corporate citizen

5-1. We sincerely execute our basic responsibilities as a corporate citizen

  • The Company will endeavor to create stable employment and to faithfully fulfill its tax and other legal obligations.
  • The Company shall instruct its employees that they shall endeavor to maintain the good name of the Company by ensuring proper dress, courteous behavior and dignified use of language.
  • Employees are encouraged to ethically and consciously carry out their job duties and responsibilities. By doing so, employees will assist the Company in establishing itself as a responsible and trustworthy corporate citizen.

5-2. We respect the social and cultural values of local communities and practice co-existence

  • The Company will respect the laws, culture and values of the local communities in which it operates, and shall contribute to the improvement of the quality of life of local residents.
  • The Company, as a global corporate citizen, will contribute to promote and support public-interest activities such as academic advancement, art, culture and sports.
  • The Company will actively participate in social services such as volunteer activities and disaster relief.

[Appendix] Obligation to observe Code of Conduct

1. Obligations of employees

  • The Company shall apply this Code of Conduct to all of its employees and subsidiaries, and, where relevant and appropriate, shall also recommend specific clause(s) of the Code of Conduct to affiliates and external business partners.
  • Employees will make every effort to faithfully abide by the Code of Conduct, and in the case of a violation will be subject to appropriate disciplinary action.
  • Officers and managers will be responsible for cultivating and maintaining a sound organizational culture by acting as role models in the observance and propagation of the Code of Conduct.

2. Enquiries and improvement of the Code of Conduct

  • Any breaches of the Global Code of Conduct should be reported to the head of the employee's department or respective director, Human Resources Team, or Corporate Audit Team.
  • Any questions or suggestions for improvement on the Global Code of Conduct should be referred to Human Resources Team after consultation with the head of the employee's department.

Cyber Audit

The Ethical Management Web Site and the Permanent Ethical Management Monitoring System represent Samsung Electro-Mechanics’s increasing efforts to combat corruption.
Korean and international stakeholders can access these systems at any time from anywhere around the world,
and submit their reports on unethical conduct and also access information in multiple languages, including Korean, English, Chinese, and Thai.Samsung Electro-Mechanics is also always open to reports submitted via e-mail,post,and telephone.

Having received reports, Samsung Electro-Mechanics sets out to ascertain the facts, while keeping the identities of reporters strictly confidential. The company then orders the responsible
departments to take proper corrective actions, informs the reporters of the results of investigations, and submits corrupt employees and executives to uncompromising discipline.
Our Permanent Ethical Management Monitoring System also involves conducting risk analyses of various Samsung Electro-Mechanics business locations in and outside Korea in advance to detect
and prevent early signs of risks. The system also prescribes improvements to process vulnerabilities identified, preventing corruption.

Discipline

Samsung Electro-Mechanics not only provides thorough and proactive anticorruption education,
but also enforces rigorous and uncompromising standards and rules with regard to cases of corruption reported.

Responsible executives and employees are subjected to disciplinary actions, and suppliers that have bribed or, otherwise, corrupted these executives
and employees are also cut out of business or subjected to other actions intended to prevent recurrence.

Reporting Process

Samsung Electro-Mechanics Web site
E-mail · post · telephone

Back to the reporter within 24
hours of receiving the report

Facts ascertained :
With intermediate feedback
relayed to the reporter when necessary

Findings announced and
corrective actions taken

Introduction

Samsung Electro-Mechanics is committed to ethical management, with the goal of becoming a transparent and trustworthy organization.

Samsung Electro-Mechanics is open to all reports on the unethical conduct of its executives and employees. These reports are handled on the condition of strict anonymity and confidentiality. Your honesty and courage will help us become more transparent and trustworthy.

Notice of the Operation of the Reward System of Reporting Corruption and Negligence

In order to promote business transparency and establish an ethical corporate culture, Samsung Electro-Mechanics has operated the reward system for those who report behaviors of making unfair profits or corrupt activities that cause losses to Samsung Electro-Mechanics in relation to external interested parties including suppliers.

Subjects of reports

  • Receiving bribery (including money and valuables) from or being treated by buyers
  • Becoming shareholders of non-listed business partners/suppliers or granting the favors of buyers
  • Monetary transaction with buyers or between executives and employees
  • Embezzling public funds, stealing corporate assets, or seeking self-interest
  • Leaking corporate information or outflowing human resources
  • Work discipline–related matters (executives and employees working double jobs, illegal gambling, etc.)
  • Other matters that violate the principles of ethical management

Submit your report by

E-mail audit.semco@samsung.com Fax 031-210-5390 Report
Phone 031-210-3306 Address Auditing Team, Samsung Electro-Mechanics, 314 Maetan 3-dong, Yeongtong-gu, Suwon, Gyeonggi-do, Republic of Korea (16674)